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You would like to buy a new car. You have $51,000, but the car costs $72,500. If you can earn 7%, how much do you

You would like to buy a new car. You have $51,000, but the car costs $72,500. If you can earn 7%, how much do you have to invest today to buy the car in two years? Do you have enough? Assume the price will stay the same. Show all the workings.

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